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Bankrupt cryptocurrency lender Genesis sues its parent DCG, seeking to recover ~$620M in cash and bitcoin in outstanding loans despite ongoing settlement talks (Jonathan Randles/Bloomberg) 07-09-2023

Jonathan Randles / Bloomberg: Bankrupt cryptocurrency lender Genesis sues its parent DCG, seeking to recover ~$620M in cash and bitcoin in outstanding loans despite ongoing settlement talks  —  – Suits seek to recover about $620 million in cash and Bitcoin  — DCG said it’s documenting a standstill agreement with Genesis Lees verder op Tech Meme

Riot reports earning $31.7M in energy credits from Texas power grid operator ERCOT to curtail its usage in August, dwarfing the ~$8.9M worth of bitcoin mined (CNBC) 07-09-2023

CNBC: Riot reports earning $31.7M in energy credits from Texas power grid operator ERCOT to curtail its usage in August, dwarfing the ~$8.9M worth of bitcoin mined  —  – Bitcoin miner Riot Platforms raked in $31.7 million in energy credits from Texas power grid operator ERCOT in August. Lees verder op Tech Meme

A profile of Circle, after secondary market shares of the USDC developer traded at a ~$4.8B valuation in August 2023; Circle was valued at $8B in April 2022 (Leo Schwartz/Fortune) 07-09-2023

Leo Schwartz / Fortune: A profile of Circle, after secondary market shares of the USDC developer traded at a ~$4.8B valuation in August 2023; Circle was valued at $8B in April 2022  —  On a fateful evening in March, Jeremy Allaire sat in a Dubai hotel room as a catastrophe unfolded. Lees verder op Tech Meme

SK Hynix opens an investigation into the Huawei Mate 60 Pro using its LPDDR5 and NAND flash memory, some of the few materials in 60 Pro sourced outside China (Bloomberg) 07-09-2023

Bloomberg: SK Hynix opens an investigation into the Huawei Mate 60 Pro using its LPDDR5 and NAND flash memory, some of the few materials in 60 Pro sourced outside China  —  – Korean maker says it hasn’t worked with Huawei since sanctions  — Mate 60 Pro handset uses Hynix memory and flash storage chips Lees verder op Tech Meme

Doug Bowser, president of Nintendo of America, describes the company's evolution from a gaming company to a broader entertainment company, including live events (Gene Park/Washington Post) 07-09-2023

Gene Park / Washington Post: Doug Bowser, president of Nintendo of America, describes the company’s evolution from a gaming company to a broader entertainment company, including live events  —  For decades, Nintendo was synonymous with video games.  Now in its second century, the Japanese company wants to be much more. Lees verder op Tech Meme

Ghostwriter, the anonymous creator who used AI to mimic Drake and The Weeknd, has met with record labels, Grammy organizers, and more, and releases a new song (Joe Coscarelli/New York Times) 07-09-2023

Joe Coscarelli / New York Times: Ghostwriter, the anonymous creator who used AI to mimic Drake and The Weeknd, has met with record labels, Grammy organizers, and more, and releases a new song  —  The anonymous artist, who stirred conversation with the A.I. track “Heart on My Sleeve,” has been quietly consulting with executives, while also gunning for a Grammy. Lees verder op Tech Meme

An excerpt from the book Number Go Up details an April 2022 FTX conference in the Bahamas, where writer Michael Lewis lavished Sam Bankman-Fried with praise (Zeke Faux/New York Magazine) 07-09-2023

Zeke Faux / New York Magazine: An excerpt from the book Number Go Up details an April 2022 FTX conference in the Bahamas, where writer Michael Lewis lavished Sam Bankman-Fried with praise  —  Three years ago, nobody knew who you were.  And now you’re sitting on the cover of magazines.  And you’re a gazillionaire. Lees verder op Tech Meme

Molly Holzschlag, aka “mollydotcom”, a longtime advocate for the open web and accessible, inclusive online design standards, died at 60 on September 5 (Dylan Smith/TucsonSentinel.com) 07-09-2023

Dylan Smith / TucsonSentinel.com: Molly Holzschlag, aka “mollydotcom”, a longtime advocate for the open web and accessible, inclusive online design standards, died at 60 on September 5  —  Pioneer of online design & accessibility  —  Molly Holzschlag, whose pioneering work in online design standards led to her being dubbed … Lees verder op Tech Meme

Tencent launches its Hunyuan AI model for business use and is integrating the model with its existing video conferencing and social media products (CNBC) 07-09-2023

CNBC: Tencent launches its Hunyuan AI model for business use and is integrating the model with its existing video conferencing and social media products  —  – Chinese tech giant Tencent is launching its artificial intelligence model “Hunyuan” for business use at an annual summit on Thursday. Lees verder op Tech Meme